Wednesday, October 11, 2006
FOURTH DIOCESE FILES FOR BANKRUPTCY
IOWA CITY, Iowa The Roman Catholic Diocese of Davenport filed for Chapter 11 bankruptcy protection today, less than two weeks before it defends itself at a trial involving a former priest accused of sexually abusing a high school student.
Bishop William Franklin says he regrets the decision, but the financial pressure and demands for settling as many as 25 outstanding claims of sexual abuse by its priests is too great.
Franklin, in a posting on the diocese Web site, says bankruptcy reorganization is the best way to continue the Church's mission.
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Bishop Franklin's statement can be read here.
